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squeevey t1_iyeawr4 wrote

Reply to comment by Blackadder_ in IBM and Maersk to shut down TradeLens supply chain platform - Project with shipping giant was once floated as ideal blockchain use case – but industry didn't buy in by Loki-L

I'd encourage you to read the article. It and its pros and cons are discussed.

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Blackadder_ t1_iyebj0g wrote

The article addresses currency related. That’s not my question. This is why rest of the world cannot get behind blockchain when it’s always about it’s decentralized so it’s always good without offering meaningful use cases or when asked if blockchain could solve trust issue on a specific topic that is not some made up currency

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squeevey t1_iyehwrl wrote

Is social trust not a form of currency?

For your twitter example: You register your "domain" on the ethereum name service (ENS). (you would have known that had you read the article). Then use the ENS as part of your twitter. Then in your public digital actions (and even in real life), you share your ENS domain. Done. You are linked to that. Because famous people have loud voices.

How about joe average? How would he get verified? He'd submit his ID, right? Then it has to go through the credit bureau (talk about a closed black box system). So you have private companies managing your social credit.

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